Rising dramatically in price, Bitcoin touched $31K and $100 million of shorts we liquidated
A large number of short risky positions were liquidated when Bitcoin rose to $30,950
Bitcoin rose and touched $31K and left many of the traders in awe as they had bet on a bearish pullback.
Further data from other sources have confirmed BTC’s peak at $30,960 on the second day of January 2021.
TC/USD 1-minute candle chart. Source: TradingView
Followed by a bullish charge that raised BTC levels more while press-time levels were struggling to reach 31K. Not all the traders felt the same. Some were cheering and celebrating while others were gloomy.
A tweet from a bot that tracked liquidated trades on BitMEX derivative said “I'm shocked, shocked to find that gambling is going on in here!”. The tweet states that the shorters had incurred $10m of loss.
The altcoins saw rises in their values as well. Dodgecoin rose by 42% while ETH, the second most well-known currency, dropped below $750.
NFT and NFC tech to combine in digital postage stamps
The Austrian post intends to integrate near-field communication to its non-fungible token postage stamps. ...
MAY 27, 2021
SDK is Polygon’s new tool to deploy Ethereum-compatible standalone chains
To empower themselves to build Ethereum-compatible standalone chains and layer-two protocols, the Polygon team is going to launch SDK or software development ki ...
MAY 26, 2021
Whales accumulate 122.5K BTC while crypto market is a bloodbath
Last week, the market experienced a collapse and the whole market suffered except for some big holders who bought the dip and added 122.5K BTC to their portfoli ...
MAY 23, 2021
Bitcoin mining yields in Iran may exceed $1B annually
Bitcoin has turned into a way of bypassing the oil sanction by the Iranian government and a payment method for their imports. ...
MAY 21, 2021